DEL MAR: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DEL MAR
Largest movements
- Receivables within one year -€47,100
down €47,100 (-26.4%), from €178,468 to €131,369
of which Other amounts receivable: -€27,802
- Cash -€30,281
down €30,281 (-37.4%), from €80,938 to €50,657
mainly Net result for the year (-€77,168) and Other debts (-€41,734)
- Stocks and contracts -€17,199
down €17,199 (-23.8%), from €72,168 to €54,969
- Tangible fixed assets -€8,796
down €8,796 (-22.1%), from €39,735 to €30,939
of which Furniture and vehicles: -€11,286
- Profit (loss) carried forward -€77,168
down €77,168 (-84.3%), from €91,551 to €14,382
- Other debts -€41,734
down €41,734 (-18.8%), from €221,535 to €179,801
- Trade debts +€23,474
up €23,474 (+282.6%), from €8,308 to €31,782
- Debts after one year -€10,495
down €10,495 (-51.1%), from €20,555 to €10,060
- Gross operating margin -€171,119
down €171,119, from €111,142 to -€59,978
- Taxes -€19,178
down €19,178 (-100.0%), from €19,178 to €0
- Staff costs -€11,108
down €11,108 (-100.0%), from €11,108 to €0
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €371,644 | €268,299 | -€103,345 | -27.8% |
| Fixed assets | 21/28 | €39,985 | €31,189 | -€8,796 | -22.0% |
| Tangible fixed assets | 22/27 | €39,735 | €30,939 | -€8,796 | -22.1% |
| Plant, machinery and equipment | 23 | - | €2,489 | +€2,489 | |
| Furniture and vehicles | 24 | €39,735 | €28,450 | -€11,286 | -28.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €331,659 | €237,110 | -€94,549 | -28.5% |
| Stocks and contracts in progress | 3 | €72,168 | €54,969 | -€17,199 | -23.8% |
| Stocks | 30/36 | €72,168 | €54,969 | -€17,199 | -23.8% |
| Amounts receivable within one year | 40/41 | €178,468 | €131,369 | -€47,100 | -26.4% |
| Trade receivables | 40 | €149,017 | €129,720 | -€19,297 | -12.9% |
| Other amounts receivable | 41 | €29,451 | €1,648 | -€27,802 | -94.4% |
| Cash at bank and in hand | 54/58 | €80,938 | €50,657 | -€30,281 | -37.4% |
| Deferred charges and accrued income | 490/1 | €84 | €115 | +€31 | +37.0% |
| Total equity and liabilities | 10/49 | €371,644 | €268,299 | -€103,345 | -27.8% |
| Equity | 10/15 | €92,051 | €14,882 | -€77,168 | -83.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,551 | €14,382 | -€77,168 | -84.3% |
| Amounts payable | 17/49 | €279,593 | €253,416 | -€26,177 | -9.4% |
| Amounts payable after more than one year | 17 | €20,555 | €10,060 | -€10,495 | -51.1% |
| Financial debts | 170/4 | €20,555 | €10,060 | -€10,495 | -51.1% |
| Amounts payable within one year | 42/48 | €259,038 | €243,357 | -€15,682 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €10,017 | €10,495 | +€478 | +4.8% |
| Trade debts | 44 | €8,308 | €31,782 | +€23,474 | +282.6% |
| Suppliers | 440/4 | €8,308 | €31,782 | +€23,474 | +282.6% |
| Taxes, remuneration and social security | 45 | €19,178 | €21,278 | +€2,100 | +10.9% |
| Taxes | 450/3 | €19,178 | €19,178 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €221,535 | €179,801 | -€41,734 | -18.8% |
| Remuneration, social security and pensions | 62 | €11,108 | €0 | -€11,108 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,737 | €14,521 | +€783 | +5.7% |
| Other operating charges | 640/8 | €979 | €862 | -€117 | -12.0% |
| Gross operating margin | 9900 | €111,142 | -€59,978 | -€171,119 | |
| Operating profit (loss) | 9901 | €85,317 | -€75,360 | -€160,677 | |
| Financial income | 75/76B | €4 | €111 | +€106 | +2522.3% |
| Recurring financial income | 75 | €4 | €111 | +€106 | +2522.3% |
| Financial charges | 65/66B | €1,801 | €1,919 | +€118 | +6.6% |
| Recurring financial charges | 65 | €1,801 | €1,919 | +€118 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €83,521 | -€77,168 | -€160,689 | |
| Income taxes | 67/77 | €19,178 | €0 | -€19,178 | -100.0% |
| Profit (loss) for the period | 9904 | €64,343 | -€77,168 | -€141,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,343 | -€77,168 | -€141,511 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.